Safely Growing Your Retirement Fund with Guaranteed Lifetime Income
 

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Safely Growing Your Retirement Fund with Guaranteed Lifetime Income

By Cathy DeWitt Dunn

Are you preparing for retirement or already in retirement? It is important that you understand all your options and how you can receive guaranteed lifetime income that you will not outlive. At DeWitt & Dunn, our clients are risk-averse and interested in preserving and growing their capital safely. If you are interested in slow and steady growth that will help you out later down the road in retirement, it’s important that you are cautious with your investments. 

As you do your own research on how to properly invest for the future, you will find that there are many brokers and advisors that talk about tons of accumulation and big growth. While this all sounds good at the start, it’s important to realize that these brokers and advisors who promise big growth and accumulation never say that this investment is safe. When you hear financial experts talk about “significant growth opportunities,” you need to remember that in general, the opportunity for significant growth comes with significant risk. The reality is that the closer you get to retirement or when you’re already in retirement, you may want to manage the risk in your portfolio and focus on creating lasting income.

Many Americans can’t afford to have all of their money at risk with all the noise and uncertainty that is going on in the world right now. We understand that these times are challenging, but we have worked with many of our very own clients who came to us wanting guaranteed lifetime income that ensured a financially stable retirement future.

We had an opportunity to work with a client who wanted to take “a lot of years off of Wall Street” and create a guaranteed lifetime income stream. This client was a 65-year-old with $975,000 from their IRA that he wanted to use to produce lifetime income. The benefit of this strategy is that the client received a 7% bonus upfront, which after being credited was $68,000. Regardless of what the market does, this client has the 7% compounded growth on the income base for upwards of 10 years. Ultimately, that initial investment of $975,000 turns into over $2,000,000. That is almost $125,000 in income, guaranteed for the rest of the client’s life. 

This example is for illustrative purposes only and individual results may vary and be more or less favorable than shown. There are also considerations that must be met in order to procure the upfront bonus.

If you would like to receive an income quote, give us a call today! We have an office in Dallas, Fort Worth, Arlington and Houston, and we have the guaranteed highest rates on the market. The number to reach us today is 972-473-4700 or schedule an appointment

Want to learn more? Cathy DeWitt Dunn regularly appears as a guest on local news stations as an expert in her field. Cathy also hosts DeWitt & Dunn Financial Services Radio each weekend and is the voice of the DeWitt & Dunn Financial Podcast.

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Disclosure: For informational and educational purposes only. The information contained herein may contain information that is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor.

Guarantees are subject to the claims paying ability of issuing insurance company.


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